Chart Source :Poemsview 3rd Dec 2018
Sembcorp Marine up 6% as of typing now as oil prices soar more than 4.5% after US, China suspend trade hostilities.
OPEC meeting will take place on 6th Dec which market might be hoping for a cut in oil production. A cut in oil production could lead to higher oil prices which in turn means oil counters might continue its upside.
As for Sembcorp Marine an oil related counter we’re glad we managed to catch it at the near bottom at $1.61. Current price is at $1.72 as we’re typing this, a very nice 6% upside since entry.
We’re glad that our EXCLUSIVE CLIENTS were informed thus able to plan, prepare and execute.
The next resistance for Sembcorp Marine might be at $1.75. Waiting for it.
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